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Topic: what happens to Bitcoin if internet goes down? (Read 34308 times)

hero member
Activity: 896
Merit: 500
February 21, 2018, 02:03:03 AM
In my opinion if the internet goes down BTC goes down. As far as i know bitcoin fully relies on internet so there's that. If you are talking about just down for a few weeks then probably bitcoin would get worthless again after that but might rise.
If without the internet then bitcoin will disappear, this is what we have to worry because bitcoin is very dependent on the internet then if the state banned bitcoin easily is the stop the internet.
newbie
Activity: 30
Merit: 0
HELLO . INTERNET IS INCREASED ,BITCOIN VALUE IS INCREASED.BITCOIN VALUE IS DECREASED NO PROFIT CHANGE IN THE WORLD..I BELIEVE THERE IS ALWAYS AN ALTERNATIVE
full member
Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
If that will happen, it's a sad story. It's the end of bitcoin
 Bitcoin will breakdown. All transactions, trading and even mining any crypto is done by the help of the internet. No internet, no bitcoin. No bitcoin, no profit chance. That's it, the end.

Not only the end of bitcoin, it will be a lot worse. The end of technology!
You cannot use your cellphone you will be going back to csble phone. You cannot use your computer for browsing, back to textbook, go to library Grin
full member
Activity: 364
Merit: 100
given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?

home internet and mobile internet goes down

do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away

Obviously by that time, all the cryptocurrency will go to waste since internet is one of the requirement in order for the algorithm of block chain to work. Losing of internet means the end of bitcoins but we do not worry since it will not happen.
jr. member
Activity: 127
Merit: 3
It will be impossible to trade bitcoins or exchange but we should not look down on the changing nature of man, man will definitely provide a new way of trading and exchanging bitcoin. yes internet is a major requirement for trading and exchanging bitcoin , but i believe their is always an alternative
member
Activity: 392
Merit: 10
If the internet goes down Bitcoin goes down with it that is just how simple it is, Bitcoin has to rely on the internet.
Internet at this point is a must and many people and companies would not survive without it.

maybe many will switch to other investments like gold or property, if the internet goes down of course it will cause chaos, nobody can access to bitcoin so no transactions, that's in my opinion
Lyd
full member
Activity: 420
Merit: 101
Why would internet go down? We don't live in the primitive era. Internet is developing and in few years everyone will have access to it. This is my opinion
newbie
Activity: 54
Merit: 0
given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?

home internet and mobile internet goes down

do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away

if internet is goes down then we need to go for fiat currency and gold etc
full member
Activity: 305
Merit: 100
[PROFISH.IO]
If that will happen, it's a sad story. It's the end of bitcoin
 Bitcoin will breakdown. All transactions, trading and even mining any crypto is done by the help of the internet. No internet, no bitcoin. No bitcoin, no profit chance. That's it, the end.
full member
Activity: 336
Merit: 100
given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?

home internet and mobile internet goes down

do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away
newbie
Activity: 22
Merit: 0
In my opinion if the internet goes down BTC goes down. As far as i know bitcoin fully relies on internet so there's that. If you are talking about just down for a few weeks then probably bitcoin would get worthless again after that but might rise.
member
Activity: 206
Merit: 10
If such a thing happens then we can only transact using fiat money, gold dll.tetapi I think the incident is very small to happen because if the internet goes down then all activities that use the internet will be messed up and experiencing collapse globally, considering the internet is used all over the world
member
Activity: 924
Merit: 12
It will be the end of bitcoin or a big fall for it...but i think that ther is no need to worry about this...the internet goes down and even if the internet goes down all the world wil be confused not just bitcoin
sr. member
Activity: 1764
Merit: 260
Binance #SWGT and CERTIK Audited
I think the internet is here to stay for the foreseeable future. If there was no internet, there would be no bitcoin or emails or twitter, etc. Of course it would have to be a catastrophic world event for the internet to disappear and I think we would have more to worry about than bitcoin

You are right. Internet is now a need in our world and bitcoin is somehow depends on the internet. Without internet there would be no cryptocurrencies. Without it, surely there is no invention about virtual money and cryptocurrency. So, that would be the importance of bitcoin for us, users. Internet will always be used in platforms like this.
newbie
Activity: 33
Merit: 0
BTC would just go down and there is nothing that we are able to do at that point, that is just fact. Internet is to important in today's world so we cannot live without it. Everybody understand that.
member
Activity: 252
Merit: 10
If internet goes down any bitcoin transactions will be cancelled. Bitcoin or other cryptocurrency is powered by internet, the only way to operate bitcoin transactions is through the internet. Crypyo world will shut down if there's no internet connection. Well, of course that will never happen because we now live in a digital world where internet connection is everywhere.
legendary
Activity: 1596
Merit: 1034
I think if the internet has decreased then there will be a new breakthrough from bitcoin developers to make bitcoin has a physical form to be traded offline although maybe the breakthrough will reduce the peculiarity of bitcoin as a digital asset.
newbie
Activity: 48
Merit: 0
I think the internet is here to stay for the foreseeable future. If there was no internet, there would be no bitcoin or emails or twitter, etc. Of course it would have to be a catastrophic world event for the internet to disappear and I think we would have more to worry about than bitcoin
sr. member
Activity: 616
Merit: 251
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If internet goes down , it will be a big clash for investors and workers. Because We can live without internet but when we use bitcoin then there will be a big issue if there is no internet connection and It wil be very pathetic for us.
The Internet shouldn't shut off for no reason, if they do then there's going to be a lot of businesses shutting down too.
member
Activity: 266
Merit: 12
given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?

home internet and mobile internet goes down

do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away

One of the limitations of Bitcoin is internet connection. If you do not have internet connections, basically you cannot access it. On your question, if you don not have home internet ot mobile internet, you can use internet cafe to access your bitcoin. Internet now is a necessity to all people. It would be impossible to shut down the internet in the whole world. If war would come, which is difficult to predict, then all people would not access their bitcoin because it has no use anymore.
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